South African retailer, The Crazy Store, plans to open its 12th store in Namibia in Walvis Bay, MD Kevin Lennett, told the Windhoek Observer this week.
“Our 12th Namibian store will open in Walvis Bay and is currently scheduled to open at the end of October,” Lennett said.
This will be the second The Crazy Store in the harbour town.
Other stores across the country are situated in Grootfontein (one), Keetmanshoop (one), Mariental (one), Ongwediva (one), Swakopmund (two), Tsumeb (one) and Windhoek (three).
With the Namibian economy going through a slowdown at the moment, Lennett said The Crazy Store is still satisfied with its performance in Namibia and is scouting for new opportunities across the country.
“We have noticed a slowdown in the economy; however, we are still very satisfied with our performance in Namibia. Our stores provide a very cost-effective solution to customers and we tend to enjoy even more shopper support during tough times.”
Lennett described the Namibian retail sector as “very established”, adding that there is “definitely” a growth phase still to be enjoyed given several new shopping centres that have opened recently.
“Certain new shopping centres such as in Walvis Bay will provide opportunity for new retail concepts, as well as providing current retailers the chance to launch new concepts. Of course, the advent of new shopping centres will mean that the older shopping centres or high street shops will need to revamp or reinvent themselves, to ensure that they retain their current customers.”
The new Crazy Store will be located at the Dunes Mall, which is being built at a cost of almost N$700 million.
Lennett said, without giving figures, that the company is enjoying double digit growth in Namibia this year compared to 2016.
The Crazy Store has 45 permanent employees in Namibia.
“Naturally during peak trading times, weekends and Christmas our staff numbers do increase with the employment of casual and contract staff,” Lennett said.
According to the 2016 Bank of Namibia Annual Report, the wholesale and retail trade sector’s growth slowed to 5,1 percent last year, down from 5,7 percent recorded in 2015.
Founded in 1995, The Crazy Store is a large discount variety chain in South Africa. The business is made up of 18 core categories: toys, candy, gifts, plastics, party, stationery, kitchen, bathroom, baby, cleaning, garden, pets, hardware, games, personal care, books, fashion and outdoor.